Gilt-Edge Market Firm

Sun (Auckland), Volume III, Issue 756, 31 August 1929, Page 12

Gilt-Edge Market Firm

Healthy Tone on ’Change By “Xoon Call.” OXE of the features of business on 'Change over the tveek has been the very firm tone of the gilt-edge market. >o’ir and a-half per cent, free of income-tax Government “ •>«' m * ct itli a v.-ry firm demand at par. sales taking place at up to a 10s premium.

Fluctuations Price movements, shown by a comparison of sales over the past 24 hours with the price at the time of the previous recorded sale, include: Aust. Bank of Com., fall of 3d. Waihi Mining, rise of sd. Waihi Junction, fall of 2d. Taupiri Coal, fall of 2d. Devonport Steam, fall of 3d. Northern Steam, rise of Id. Business on Auckland Market Transactions on the Auckland market over past 24 hours include: Business yesterday afternoon.—Taupiri Coal, 28s lOd; Auckland Gas, 24s 4d; Huddart Parker, 465; Northern Jrteam, 14-s 3d; Ohinemuri Mining-, 10s ; ? ‘d; Waihi Grand Junction, Is 7d; Wa hi Mining, 13s. Business this morning-.—On ’Change; Australian Bank of Commerce, 36s 3d '•-vo parcels). Reported: N.Z. Refrigerating (con ). 6s 7d; Waihi Mining, 1 13s Id. Devonport Steam, 21e. • • 9 Whittome Stevenson Dividend The directors of Whittome Steven- i •on, Ltd., advise that there will be a I dividend at the rate of 2s a share for ’ the half year ended June 30, 1929. The j dividend is payable on September 30. f This amount, together with the interim dividend of Is 6d per share paid on March 31 last, makes the total pay- j meat for the year 3s 6d per share, or 17S per cent. Hauraki Mines A telegram from the manager of the Hauraki Mines Consolidated, Ltd., this morning read: “Secured 201 b. rich specimen stone from stope on Stockwood reef 400 level.” Although this company’s script is fairly widely held, is ie not listed on •Change. • • * Market This Morning The banking and insurance groups remain very firm with any tendency i upward. T -. the loan and agency group Far-

mc-ra' Auctioneering are sought at the improved price o£ 80s, but sellers are not prepared to make a declaration on tile open market. The woollen group shows an easing tendency, following recent balancesheet publications, and there are more toilers who find weaker support from ; buyers. The market for Farmers' Fertilisers show, if anything, slightly better tone, ; buyers moving up to 2ls 9d this morn- . mg. Reduced Profits for Howard Smith The directors of Howard Smith, Ltd., announce a reduced interim dividend for the half-year at the rate of 2s per i cent - on tiie ordinary capital. The company paid 7$ per cent, on last year’s operations, and 10 per cent, back to 192 j. Until the last two vears it had not returned less than 10 per cent to shareholders. The reason for a further reduction this year is stated to be the idleness since March 2 of the mines of the Caledonia Collieries. Ltd., and the subsequent inactivity of a large portion of the tonnage of the Australian Steam- ! ships Proprietary. Ltd. • Calls and Dividends Dividends— Erne. Kuala Kampar tin—id a share Today j ' ictoria -Nyania Sugar—ls 6d a share (int.) Todav Standard Insurance—ls 3d a share (final) Sent. S North Auckland Farmers’ Co_,°P- — 6 P- c » P- 3 - (pref.).. .. SeDt. 5 Electrolytic Zinc—6 p.c. pref and ord (final) Sept. 6. Howard Smith—2} p.c. ord. (int.) SeDt 10 Holden s Motors—ls a share ord. (final); 8 p.c. p.a., A and B pref Huddart-Parker—s p.c. ord., 3 p.c. pref. (int.) Sept. 19. Kaiapoi \\ oollen—4 p.c. p.a. ord.; 6 p.c. p.a. pref Sept. Kempthorne Prosser—4} p.c. (int.) Sept. Tlume Pipe—3 p.c. p.a. (final).Sept. 30. Lank of Australasia—7s a share 1 Calli— 1 * > About Oct. 5. Taranaki Oilfields—ls a share Sept. 11.